Bitcoin Accepted by More U.S. Charity Organizations

Though
currently being relatively few, the number of U.S. top charity organizations
that accept bitcoin is on the rise, having reached 12% of the top 100 charities
that accepted bitcoin donations during 2019, according to a research carried
out by Block’s team.

The
research also found that many of those donations are being routed through a
popular payment processor, BitPay, while more than 90% of these charities
accept bitcoins through third-party payment processors.

Bitcoin
and other cryptos have been capitalized on by charities and non-profits,
parties who remain one of the early adopters of crypto-donations. Amid a drive
for financial inclusion, environment, education, health, human rights,
open-source software, democracy, and governance, many charities have now
initiated the acceptance of crypto-donations.

For
example, Fidelity’s humanitarian arm, Fidelity Charitable, has received over
$100 million in crypto-donations since its inception.

Meanwhile,
there is a similar trend among billionaires who hold Bitcoin, the latest of
which is philanthropist Bill Pulte, who is the head of Pulte Capital Partners
and who now wants to promote the benchmark crypto’s adoption.

Related Posts

Asset manager Grayscale concluded in a new report that Bitcoin (BTC) is now the best bet for investors against central bank fiat currencies printing. In the document titled “Quantitative Tightening,” the world’s biggest digital currency […]

Unlike other altcoins, the world’s king coin Bitcoin (BTC) is not completely anonymous cryptocurrency. This implies that, contrary to most users’ assumptions, you can monitor the sender and recipient of tokens that are sent to […]

Bitcoin (BTC) price took a positive turn on March 10 as the cryptocurrency climbed to $8,150 before facing resistance that pushed the price back to $7,730. Meanwhile, the S&P 500 and Dow Jones followed suit, […]

NKT, a leading electrical manufacturer based in Denmark, has recently entered into partnership with IOTA Foundation, the Herald Sheets website reported. According to a press release published on NKT website, the deal aims to fulfill [...]